Builders FirstSource (NYSE:BLDR) Director Paul Levy Buys 50,000 Shares

Builders FirstSource, Inc. (NYSE:BLDR) Director Paul Levy acquired 50,000 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were bought at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the transaction, the director owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Builders FirstSource Price Performance

NYSE:BLDR opened at $87.05 on Tuesday. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.13 and a beta of 1.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The business has a 50 day simple moving average of $112.46 and a 200-day simple moving average of $115.52. Builders FirstSource, Inc. has a 1 year low of $86.18 and a 1 year high of $151.03.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the firm posted $2.31 EPS. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. Equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BLDR. DA Davidson reduced their target price on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. UBS Group dropped their price target on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. The Goldman Sachs Group cut their price target on shares of Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Stephens reduced their price objective on shares of Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $126.65.

Hedge Funds Weigh In On Builders FirstSource

A number of hedge funds have recently added to or reduced their stakes in the stock. Cromwell Holdings LLC increased its position in shares of Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after acquiring an additional 225 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $34,000. Transamerica Financial Advisors LLC grew its stake in Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Builders FirstSource in the second quarter worth approximately $38,000. 95.53% of the stock is currently owned by institutional investors.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.